Today we take a look at Snapchat.
- Price has tapped our 1D Highs as well as HTF Supply.
I am now looking for a corrective move on SNAP - Targets @ 0.7 Fib Retracement + 2.7 Fib Ext | $10-$12
Invalidation = Above here & we can expect this area to flip into Demand paving the path for new highs. For now, we will ride this wave with the bears.
- Price has tapped our 1D Highs as well as HTF Supply.
I am now looking for a corrective move on SNAP - Targets @ 0.7 Fib Retracement + 2.7 Fib Ext | $10-$12
Invalidation = Above here & we can expect this area to flip into Demand paving the path for new highs. For now, we will ride this wave with the bears.
Note
SNAP | UpdateBulls hold here & I am looking for sells around 18.6X
Sticking with the Macro bias. This upside outlook in the short term would correlate to runnings liquidity stops.
On the contrary - Break this low & we are well in route to target.
Trade closed manually
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.